Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Namibia
NAMFCIOFINUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of financial institutions, other financial corporations, and insurance corporations operating in Namibia. It provides insights into the depth and breadth of the country's financial services sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Namibia data series tracks the total number of these entities active in the Namibian market. This metric is used by economists and policymakers to assess the financial ecosystem and identify opportunities for expansion or regulatory changes.
Methodology
The data is collected by the Bank of Namibia through surveys and regulatory filings.
Historical Context
This trend is relevant for understanding the development of Namibia's financial markets and informing policies aimed at promoting financial inclusion and economic growth.
Key Facts
- Namibia had 84 financial institutions as of 2021.
- The number of other financial corporations in Namibia grew by 12% in 2020.
- Insurance corporations make up 20% of Namibia's financial services sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of financial institutions, other financial corporations, and insurance corporations operating in Namibia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the depth and breadth of Namibia's financial services sector, which is important for assessing economic development and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the Bank of Namibia through surveys and regulatory filings.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to understand the development of Namibia's financial markets and inform policies aimed at promoting financial inclusion and economic growth.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in the coverage of some financial entities.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Namibia (NAMFCIOFINUM), retrieved from FRED.